2180 The demand for a product is given by x = F(p) = 2 + In(5 + p) Step 1 of 3: If p = 15, determine E and interpret the results. Answer 0.16 Points Keypad Keyboard Shortcuts O E = 0.150 1, the demand is inelastic. O E = 3.003 > 1, the demand is elastic.2180 The demand for a product is given by x = F(p) = 2 + In(5 + p) Step 2 of 3: What is the revenue function R? Enter your answer as a function of x. Answer 0.17 Points R(x) =2130 The demand fora product is given by): = Fo) = m. P Step 3 of 3: Use R' to determine if R is increasing at p = 15. Is your answer consistent with the fact that the demand is inelastic at this p? Answer ll'i'i|r Points i Keypad Keyboard Shortcuts C} R is decreasing as a function of; atp = 15. The answers are consistent. O R is increasing as a function of: atp = 15. The answers are not consistent. O R is decreasing as a function of J: at p = 15. The answers are not consistent. O R is increasing as a function of: at p = 15. The answers are consistent